Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ACCOUNTING STANDARDS :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: VAT Audit :: due date for vat payment
 
 
« News Headlines »
 GST roll out from July 1 will make goods cheaper: Jaitley
 Aadhaar To Be Mandatory For Filing Income Tax Return, PAN Application
 7 best tax-saving solutions which can help you save money
  No proposal to replace Income Tax with Banking Cash Transaction Tax
 How to Make Tax Saving Investments Less Taxing with an SIP in ELSS
 NRIs having only investment income may not file tax returns
 With income tax returns filing deadline near, here are 3 major things to do before March 31
 When public becomes tax gatherer
  Tax dept makes public list of defaulters owing Rs448 crore
  Filing of online return for 3rd quarter of 2016-17 extension of period thereof
 No proposal to replace Income Tax with Banking Cash Transaction Tax

Two additional SGs to deal with direct, indirect tax cases
October, 09th 2007
The government will soon appoint two additional Solicitor Generals to effectively present the states point of view in cases pertaining to direct and indirect taxes, finance minister P Chidambaram said on Saturday.

We are concerned about the quality of representation from the government side, he said adding that the state too needs to be represented by good lawyers who can match high-profiled advocates hired by corporates to deal with taxation disputes.

Speaking at a function to mark silver jubilee of the Central, Excise and Service Tax Appellate Tribunal (CESTAT), he asserted on the need to acquire domain knowledge to adjudicate disputes that will arise after imposition of the Goods and Services Tax from April 1, 2008. He said the finance ministry was still trying to comprehend how oil companies price their products before they are taken out of the refineries and also how these products should be valued for the purpose of levying tax.

This, Mr Chidambaram later told reporters, was only an academic exercise and explains the complexities related with taxation. He said GST which will subsume service tax and Value Added Tax (VAT) would open a new area of indirect tax litigation to be dealt with by CESTAT.

As far as customs is concerned, the minister said litigation would decline with the government introducing harmonised system of classification of goods and reducing rates of taxation.

With customs revenue declining the world over and the tariff rates coming down, he felt it may not be worthwhile for corporate to raise customs disputes.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions